Christina DeIasi | Bloomberg Law Wachovia Bank v. VCG Special Opportunities Master Fund, Ltd., No. 10-CV-01648, 2011 BL 278218 (2d Cir. Oct. 28, 2011) The U.S. Court of Appeals for the Second Circuit reversed a district court's order that compelled Wachovia Capital Markets, LLC (WCM) to arbitrate a dispute with VCG Special Opportunities Master Fund, Ltd. (VCG) over a credit default swap agreement. The Second Circuit held that VCG was not a customer of WCM, and thus, arbitration is not required under FINRA Rule 12200.
CDS Agreement between VCG and Wachovia Bank
VCG Was Not WCM's Customer
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